Italian premium eyewear company Luxottica Group SpA will likely post “high single-digit” sales growth this year, buoyed by accelerating expansion in emerging markets and by the Olympic Games in London, Chief Executive Andrea Guerra said in an interview. WSJ

Facebook is expected to detail its new advertising model today.AllThingsD

Facebook Timeline has arrived for brand Pages, but there are some dangerous pitfalls organizations must avoid in order to take full advantage of the feature.Mashable

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Heard on the Runway provides news about the fashion and retail worlds, as well as fresh analysis and dispatches from the bi-annual fashion shows in New York, Milan and Paris. For complete style coverage, go to WSJ.com/Fashion.